Tough day. We are certainly to expect a very tough and difficult day. Why? Well we are simply going to get too much information from different currencies and there is a very high change that oil and gold are going to get the biggest boost. Can you guess why? Well of course because the greenback is going to be a subject for another report and speech given by Jerome Powell. Last time that happened we were subjects for a lot of losses and fears. And of course something that important involving the greenback can’t help but have influence on the most popular couple – EUR/USD which hasn’t been the example of stability as it is.
As you can see EUR/USD has been turbulent for the last 24 hours. All because both euro and dollar are waiting for the information on their future and on their past alike. Will the couple hold? Well it all depends on whether or not euro data are going to surpass USD data. And as we all know euro has not been having the best luck with that. And as we can see traders have remembered that as the couple is going lower and lower at the moment.
Will euro be strong or will the couple drop even lower? Trading signals are going to give us the answer to that.